Asia Pacific

The Asia ex-Japan debt market is set to welcome a landmark trade this week, with NTPC marketing India’s first offshore rupee-denominated green bond of up to Rp15bn ($224.6m).

Philippine company Aboitiz Equity Ventures jumped at a chance to sell a Ps4.7bn ($100.0m) block of shares on Tuesday, taking advantage of a share price that is up nearly 30% year-to-date.

This month, a recent announcement by the Hong Kong Stock Exchange (HKEX) in relation to one of its listing rules caught the attention of columnist Philippe Espinasse, who has put the regulation under the microscope.

Beijing Enterprises Water Group (BEWG) added to its portfolio of Panda bonds less than a week after its debut in the asset class, sealing a Rmb700m ($106m) return on Monday. Instead of trotting down a similar path as it did with its maiden appearance, the red chip firm has sold the first green Panda.

Greenko Investment Company is gearing up to become the first corporate from India to sell a dollar green bond, launching a roadshow in Asia, Europe and the US ahead of a 144A outing next week.

GlobalCapital is pleased to announce the preliminary shortlist of nominees for its Global Derivatives Awards 2016. Nominations are based upon market feedback and research conducted in recent months. Winners will be unveiled at a gala dinner in London in September.

The trading and marketing arm of Azeri oil firm Socar is refinancing the $150m loan it signed last year, with ING and Rabobank as bookrunning mandated lead arrangers.

Ascendas Real Estate Investment Trust’s S$155m ($114m) overnight share sale proved to be hot property as the deal was six times covered and was priced at the top of its expected range — at a mere 1% discount.

Hong Kong Airlines returned to the international debt market on Monday for its third trade of the year, which is also the second tap of notes issued at the start of 2016.

Sunshine 100 China Holdings printed a $200m convertible bond last week that drew flak for the inherent weaknesses in its structure. But although it defied what many consider to be “proper” CB execution, look past the criticism and it’s clear that the equity-linked market is open for business — even when the trade is off-kilter.

Beijing Hyundai Auto Finance is set to launch its second Chinese auto loan ABS of the year on Friday, and is eyeing Rmb3bn ($452m) from Autopia China 2016-2 Retail Auto Mortgage Loan Securitization Trust.

Hong Kong’s Securities and Futures Commission has slapped Quam Capital with a HK$800,000 ($103,135) fine for failing to discharge its duties as a sponsor on Gayety Holdings’ IPO in July 2011.